Strategic Education, Inc. · NASDAQ:STRA
Strategic Education — Q4 2025 Earnings Presentation
12 slides from Strategic Education's earnings presentation, Feb 26, 2026
Slide 1: Investor Presentation February 2026
I N V E S T O R P R E S E N TAT I O N FEBRUARY 2026
Slide 2: Forward-looking statements
Forward-looking statements Statements Under the Private Securities Litigation Reform Act of 1995 Statements in this presentation are “forward-looking statements” under the federal securities laws. Such statements may be identified by the use of words such as “expect,” “estimate,” “assume,” “believe,
Slide 3: SEI is a global leader in digital education
SEI is a global leader in digital education We own the best education assets in the markets we serve Mission driven We are dedicated to enabling economic mobility with education. Student centric Our students’ best interests are at the center of everything we do. ANZ Quality focused Disciplined execu
Slide 4: SEI's broad, deep, innovative and flexible portfolio
SEI’s broad, deep, innovative and flexible portfolio Employer Technology that growth disseminates opportunities Skills-based learning products International Flagship brands Current U.S. revenue drivers S T R A T E G I C E D U C A T I O N I N C | 4
Slide 5: Strategic Education Overview
Strategic Education Overview Headquartered in Herndon, VA, with Annual revenue of $1.3 billion* significant presence in Minneapolis, MN, Australia, and New Zealand USHE: $868 million ANZ: $257 million ETS: $148 million Total enrollment of 104,820 students* ANZ enrollments 19,514 Strong balance sheet
Slide 6: Financial Results
Financial Results S T R A T E G I C E D U C A T I O N I N C | 6
Slide 7: 2025 Full Year Highlights - Constant Currency
2025 Full Year Highlights - Constant Currency Strategic Education Financial Performance Segments (YoY) Consolidated2 U.S. Higher Education Education Technology Services Australia/New Zealand2 $1,274.0 million $868.2 million $148.4 million $257.4 million Revenue +4.4% +1.2% +41.4% +0.1% Adjusted Tota
Slide 8: 2025 Full Year Highlights - Current Currency
2025 Full Year Highlights - Current Currency Strategic Education Segments Education Technology Enrollment Performance (YoY) Consolidated U.S. Higher Education Services Australia/New Zealand4 Total Enrollment1 105,517 -1.5% 86,285 -1.4% NA2 19,232 -1.8% Financial Performance (YoY) $1,268.2 million $8
Slide 9: Q4 2025 Highlights – Constant Currency
Q4 2025 Highlights – Constant Currency Strategic Education Financial Performance Segments (YoY) Consolidated2 U.S. Higher Education Education Technology Services Australia/New Zealand2 $323.1 million $218.5 million $39.1 million $65.5 million Revenue +3.7% +2.0% +28.3% -1.8% Adjusted Total Costs and
Slide 10: Q4 2025 Highlights - Current Currency
Q4 2025 Highlights - Current Currency Strategic Education Enrollment Segments Performance (YoY) Consolidated U.S. Higher Education Education Technology Services Australia/New Zealand3 Total Enrollment 104,820 -3.6% 85,306 -4.0% NA1 19,514 -1.6% Financial Performance (YoY) $323.2 million $218.5 milli
Slide 11: Non-GAAP financial measures
Non-GAAP financial measures These materials report certain financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States of America ("GAAP"). We discuss management’s reasons for reporting these non-GAAP measures below, and
Slide 12: Investor Presentation February 2026
I N V E S T O R P R E S E N TAT I O N FEBRUARY 2026